12 USC § 53 - When capital stock paid in

---
identifier: "/us/usc/t12/s53"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 53 - When capital stock paid in"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "53"
section_name: "When capital stock paid in"
chapter_number: 2
chapter_name: "NATIONAL BANKS"
subchapter_number: "II"
subchapter_name: "CAPITAL, STOCK, AND STOCKHOLDERS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(R.S. § 5140; Pub. L. 86–230, § 4, Sept. 8, 1959, 73 Stat. 457.)"
---


# § 53. When capital stock paid in

All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.

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**Source Credit**: (R.S. § 5140; Pub. L. 86–230, § 4, Sept. 8, 1959, 73 Stat. 457.)

## Editorial Notes

### Codification

R.S. § 5140 derived from , , which was the National Bank Act. See .

### Amendments

1959— substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.